iDenfy Provides Onboarding Services for Pure M Global

Pure M Global is the latest organization to turn to iDenfy for remote onboarding and identity verification. Pure M is technically a collection of companies that offer a range of financial services, including investment services, foreign exchange services, and cryptocurrency exchanges.

For its part, iDenfy will help Pure M verify the identities of its customers in a secure and compliant fashion. The company’s platform uses a combination of face and document recognition to confirm the authenticity of a photo ID, and to match a selfie to the image on that document. The solution will allow Pure M to live up to international Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, while simultaneously delivering a more streamlined identity experience for its customers.

iDenfy will also help Pure M detect and prevent potential incidents of fraud. Those who use the Pure M platform will have access to trading features like Direct Market Access and Straight Through Processing.

“Using [iDenfy’s] system made customer onboarding faster and more reliable,” said the CEO of Pure M. “With fraud prevalent as it is, having an extra layer of protection is also crucial, and iDenfy has proven that it can deliver what we seek.”

“We look forward to working with Pure M to maintain high internal and external compliance standards, taking an extra step for safety and security,” added iDenfy CEO Domantas Ciulde. “We will do our best to keep Pure M Global and their clients satisfied.”

iDenfy has already helped multiple organizations achieve regulatory compliance in the past few months. The company has previously provided onboarding services for the medical research start-up Triall, the sports betting start-up Sparlay, and for the Impily cryptocurrency exchange. The Lithuania-based iDenfy has also pitched its technology to the Lithuanian government, suggesting that facial recognition could improve screening procedures at the country’s borders.

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October 29, 2021 – by Eric Weiss

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